Coating Equipment Market Global Research Report 2019 Analysis & Forecast To 2025
Posted by Rishikesh Kurane on November 12th, 2019
Coating Equipment Market Expected to Garner a CAGR of 5% During the Forecast Period
Coating Equipment Market Valuation to Stand at a Projected Figure of USD 20 Billion by 2022
Increasing Demand from Various Industries Expected to Push the Coating Equipment Market Demand
Coating Equipment Market Share, Size, Trends, Analysis, Research, Review, Applications and Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2022. Coating Equipment Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022.
Coating is also commonly known as a substrate that is applied upon the surface of any particular object. Coating holds different purpose for different objects; it can be used for functional, decorative, or for both purposes. The equipment that is used to cover the surface of an object is called coating equipment. Coating can be of different types, full covered coating, all-over coating, and a part of the substrate. The equipment of coating includes raw material resourcing, supply, and manufacturing of coating equipment. The coating market holds considerable potential and is expected to garner a CAGR of 5% over the forecast period. The market is furthermore anticipated to reach a valuation of USD 20 billion by the end of 2022.
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Market Research Future’s (MRFR) study of the coating equipment market has revealed a number of driving factors that is influencing the positive movement of the market. The increasing demand from various key end-user industries like industrial, automotive, medical, and building & construction is expected to be a major driver of the global market over the forecast period. In these sectors, the usage of coatings to provide protection to varying items as well as for imparting functional properties over the surface area of the product is strikingly increasing. Companies in various unorganized industries across emerging economies that were once using non-standard methodologies for the application of coating are rapidly shifting towards the use of standard coating equipment. The reason behind the shift is the expanding availability of capital for purchasing the concerned equipment due to economic growth and various government regulations being imposed. The usage of solvent-based coatings is restricted across various countries, which can go on to have negative impact over the market. However, the usage of water-based coatings is moving at a striking pace, one which would aid in driving the demand for the global market in the coming years. The market growth of coating equipment can be restrained due to the high pricing of raw materials like electric components, metal parts, electronic circuits, and plastics.
The global coating equipment market segmentation is divided on the basis of type and end-user.
By type, the market is segmented into powder coating equipment, specialty coating equipment, and liquid coating equipment. The powder coating segment is anticipated to grow during the forecast period with the highest growth rate. It is the most common type segment, one which is applied to the metal surface.
By end-user, the market includes aerospace, automotive, construction, and industrial. Among these, the industrial sector holds the leading position in the global market of this category. The segment is expected to lead the charts in the coming years due to the growing use of coating in heavy machinery activities.
The global coating equipment market is regionally divided into the following geographical areas: Europe, North America, Asia Pacific, and the Rest of the World (RoW).
The Asia Pacific region spearheads the global coating equipment market and is expected to continue its dominant run during the ongoing forecast period. Herein, China holds the highest share of the market and is one of the vital contributors of the Asia Pacific region. This is primarily due to the burgeoning demand from numerous industrial products and consumer goods. The nation is anticipated to continue contributing to the overall growth of the regional market.
The global coating equipment market includes a host of companies. This includes names such as Graco Inc. (U.S.), Anest Iwata (Japan), IHI Ionbond AG (Switzerland), Nordson Corporation (U.S.), O.C. Oerlikon (Switzerland), SATA GmbH & Co. KG. (Germany), and others
May, 2019, VON ARDENNE announced the introduction of its latest highly productive coating equipment solution for the PV industry at one of the largest exhibitions of the solar sector - Intersolar Europe Event of 2019 in Munich, Germany.
Complete Report Details of “Global Coating Equipment Market Research Report - Forecast to 2022” at: https://www.marketresearchfuture.com/reports/coating-equipment-market-2124
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About the AuthorRishikesh Kurane
Joined: May 4th, 2018
Articles Posted: 1,128
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